Tn the near future Russia will witness appearing of another 2-3 new Islamic financial institutions in Russia. Then, for one or two years the market will keep its eye on the development of existing projects, making some adjustments. At the same time, the work on the development of Sharia committees will continue which is functioning for the time being within the framework of the Russian Association of Experts in Islamic Finance.
One of the important tasks is to create equal opportunities in the market. As any other new sphere, Islamic Finances requires coordination and some sort of standardization……………………………………….Full Article: Source